Hey Guys whats up? Hope you had a nice day in general and trading. For me it was a pretty fast and easy day. With nice decent profits. To start of the recap, HMNY read it perfectly but did not execute, was busy with two other trades and i didnt get in on the big crack so didnt want to chase it down even though I would have made money if I did, but better not to chase and leave money on the table than chase and lose my money. Started the day of with a loss on DVAX which overextended to much to the upside in PM so it just had no energy to go further. My mistake was that I got in it, even though it hit my PT in PM so stupid by me and it caused a small loss. LOXO nice little trade I got in right at start and the first 5 min candle had a 6 buck range so I sold most of my position at 1.80 + than some at 2.40 + and rest when it started fading back like I said it probably would. Nice little trade got me back into the green. CIEN got stopped out on my previous position and just basically didnt want to touch it more cause it just cracked at the open. The trade that made me money on the day was a stock that wasnt on the WL cause it started moving later in PM and its CLSN like most likely every one traded this yesterday. Had a nice little scalp in the morning for 400$ and ended the day about 450 up after commissions which is nice. Lets continue the week with nice trades and discipline.
GIII- Bad longterm chart and the company is loosing money but its loosing less than the analysts expected. Its gaping a nice bit - just over 25%. A ton of resistance at the 25$ mark. And now some support at 24.5 and 23.4. A decent chunk of the float is short so it can squeeze. This is in my mind two place a morning spike than fade or a failed spike and fade, SO ideally it spikes into 25.5 or 26 and fades or it just stays under 25 and fades for the rest of the day. Either way I am looking for a short on it. If it starts squeezing I will wait for backside confirmation for the short. PT a buck down from the 25.5 or 26 spike.
EBIO- PR about cancer treatment agreement and this stuff is just stock pumping related IMO. Short of the morning spike into the 1.80 max with a 10cent risk for a potential nice crack and fade back down to earth. It loves to leave big wicks to the upside. Skeptical about it . PT 1.5$
NIHD- Nice little play that could maybe be a potential runner today. They announced a agreement with Brazilian telecom company and they are buying a stake in it, with the option of buying more of the company. I love these type of plays where a company is buying and expanding. 0.90 the place of entry if provided, would love for it to stay above the 1$ mark. IT can really get going if that happens. In general this also can give back some of is gains due to heavy markets and the long term chart being pretty nasty. So PT spike into the 1.20s for a nice scalp.
LOXO- Looking for some bounce of 69 or 68 very clean and simple plan on this one that hada huge gapup yesterday so not much tactics. Just wait for the morning wash and try scoop some up into weakness for a potential bounce. PT 71-72$
- Redbook 8:55 AM ET
- JOLTS 10:00 AM ET
- 4-Week Bill Auction 11:30 AM ET
- Treasury STRIPS 3:00 PM ET
/CL Cannot seem to hold any of its spikes, this morning as the London session started a big spike but again just fade after that its like it has ZERO energy for sustaining any upward momentum. 47.50 seems to be the top where I would short of and I drew it out. If you subscribe you will get detailed drawings and plans every morning. In general CL not looking nice short term, If 47 cracks we can see 46.50 on a matter of hours if not mins. Short term bearish for now.
Good luck and trade safe guys.